Invesco Dividend Achievers ETF (NASDAQ:PFM) Fell By -0.6%, And Here’s Why

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For its latest trading sesion, Invesco Dividend Achievers ETF (NASDAQ:PFM) dropped by -0.6% – here is what that looked like (as of 2019-12-04):

Why are these moves happning?? To have a greater insight of what is happening, it is helpful to analyze some technical indicators. As we see it, you should pay the most attention to the following:

A Money Flow Index (MFI) of 100.0, a Relative Strength Index (RSI) of 50.0, a True Strength Index (TSI) of 100.0, a Moving Average Convergence Divergence (MACD) of 0.006, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.168, an Accumulation/Distribution Index (ADI) of 0.168, an On-Balance Volume (OBV) of 599.716, and a Chaiikin Money Flow (CMF) of 29.95. 2.77

So what do these technical indicators mean? Let’s see. Consulting Trading View, putting it all together gets the following:

That is what an analysis of technical indicators seems to indicate for Invesco Dividend Achievers ETF (NASDAQ:PFM). Note this is technical analysis only! You should do fundamental research as well, and do not just rely on this – we take no responsibility for any losses incurred if you buy or sell based on the above.